WSB Alert | S&P 500 ETF Tops WSB Hot Stocks Despite 3-Day Decline
AInvestTuesday, Aug 6, 2024 7:00 am ET
3min read
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A few years ago, a short squeeze battle between retail investors and Wall Street made the WSB forum go viral overnight, with a significant increase in its user base. Since then, it has been known as the "home base of retail investors" in the U.S. stock market. The retail investors here may seem crazy, but they are not lacking in rationality and can serve as a market trend indicator. The WSB Hot Stocks section aims to delve into the most beloved stocks of retail investors through key metrics such as stock mentions, likes, and hot discussion rankings, tracking retail investors' focus points and grasping the latest trends in the U.S. stock market.

The latest WSB Hot Stocks ranking as of August 6 is as follows:

In terms of ranking:

S&P 500 ETF-SPDR ranks 1st on the WSB Hot Stocks list. S&P 500 ETF-SPDR dropped 2.91% overnight and has been down for three consecutive days, falling 6.07% in the past three days.

NVIDIA ranks 2nd on the WSB Hot Stocks list. NVIDIA dropped 6.36% overnight and has been down for three consecutive days, falling 14.16% in the past three days.

Hims & Hers Health ranks 3rd on the WSB Hot Stocks list. Hims & Hers Health rose 1.48% overnight.


It is worth noting that in terms of ranking changes, among the top 20 in the hot discussion ranking:

Lumen Technologies rose 233 places on the WSB Hot Stocks list to rank 15th. Lumen Technologies dropped 15.64% overnight and has been down for two consecutive days, falling 21.99% in the past two days.

Robinhood Markets rose 31 places on the WSB Hot Stocks list to rank 17th. Robinhood Markets dropped 8.17% overnight and has been down for three consecutive days, falling 20.18% in the past three days.

Hims & Hers Health rose 19 places on the WSB Hot Stocks list to rank 3rd. Hims & Hers Health rose 1.48% overnight.


The rankings and changes in the WSB Hot Stocks list are as follows: S&P 500 ETF-SPDR ranks 1st, having risen by 1 place, with 679 mentions and 11,434 likes; NVIDIA ranks 2nd, having fallen by 1 place, with 668 mentions and 5,851 likes; Hims & Hers Health ranks 3rd, having risen by 19 places, with 221 mentions and 1,062 likes.

WSB Hot Stock Company News

NVIDIA CEO Jensen Huang cashed out $322.7 million in NVIDIA stock in July
In July, NVIDIA CEO Jensen Huang cashed out $322.7 million in NVIDIA stock, selling approximately $500 million worth of stock cumulatively from June to July.

Palantir's second-quarter revenue was $678.1 million
Palantir's second-quarter revenue was $678.1 million, exceeding analysts' expectations of $652.8 million.

Intel confirms the introduction of a second High-NA EUV lithography machine at its Oregon manufacturing plant
Intel confirms that its manufacturing plant in Oregon, USA, is introducing a second High Numerical Aperture Extreme Ultraviolet (High-NA EUV) lithography machine.

Tesla selected for the Fujian government procurement list
According to the "Fujian Provincial Government Procurement Online Supermarket" website, a Tesla Model Y has been included in the government procurement list, with an official guide price of 249,900 yuan. Previously, the Tesla Model Y was included in the Jiangsu Provincial Government's procurement directory. Several state-owned enterprises, including Shanghai Lingang Group and Lingang Investment Holding Group, have also announced the procurement of a batch of Tesla Model Y vehicles as functional vehicles.

Derived Technology: The company has not supplied to Tesla
On August 6, Derived Technology stated on the interactive platform that the company has not supplied products to Tesla. Domestic customers include Geely, Volvo, Beijing Benz, Chery Jaguar Land Rover, Minth Group, and Valeo.

After Jiangsu, Tesla Model Y enters the Fujian Provincial Government "procurement online supermarket" list
According to the "Fujian Provincial Government Procurement Online Supermarket" website, a Tesla Model Y "TSL6480BEVAR0" model has been listed in the "procurement online supermarket." This is a rear-wheel-drive version (standard range version) in midnight silver metallic color, with an official guide price of 249,900 yuan, a CLTC pure electric range of 554 kilometers, 0-100 km/h acceleration in 5.9 seconds, and a top speed of 217 km/h. Earlier, on July 4, the Tesla Model Y was included in the Jiangsu Provincial Government's procurement directory.

Elon Musk's social media company X reportedly plans to close its San Francisco office "in the coming weeks"
On August 6, an internal email showed that Elon Musk's social media company X plans to close its San Francisco office "in the coming weeks." X CEO Linda Yaccarino stated in an email to employees on Monday that the staff would move to the existing office in San Jose, California. The email also mentioned that X would open an engineering office in Palo Alto, California, sharing it with Musk's AI company xAI. Musk and an X representative did not respond to a request for comment.

Elon Musk: Warren Buffett is basically the Federal Reserve
A netizen commented that Berkshire Hathaway CEO Warren Buffett sold $90 billion worth of stocks in the first half of the year, holding $277 billion in cash and more U.S. Treasury bonds than the Federal Reserve. Musk responded, saying that Buffett is basically the Federal Reserve.

Disclaimer: the above is a summary showing certain market information. AInvest is not responsible for any data errors, omissions or other information that may be displayed incorrectly as the data is derived from a third party source. Communications displaying market prices, data and other information available in this post are meant for informational purposes only and are not intended as an offer or solicitation for the purchase or sale of any security. Please do your own research when investing. All investments involve risk and the past performance of a security, or financial product does not guarantee future results or returns. Keep in mind that while diversification may help spread risk, it does not assure a profit, or protect against loss in a down market.